Nation Jun 21 Watch 4:54 News Wrap: Georgia, Arkansas, Virginia and Alabama hold elections In our news wrap Tuesday, Multiple states are holding primary and runoff elections including Alabama, Georgia, Arkansas and Virginia. Also, U.S. Attorney General Merrick Garland met with Ukraine’s prosecutor general, historic monsoon floods submerged more of Bangladesh, floods in China…
Economy Jun 19 Yellen says economy will slow but a recession is not ‘inevitable’ Yellen offered a dose of optimism even as economists grow increasingly worried about a recession fueled by skyrocketing inflation and the Russian invasion of Ukraine. By Aamer Madhani, Associated Press
Nation Jun 17 Watch 4:11 News Wrap: FDA authorizes first COVID-19 vaccines for children under age 5 In our news wrap Friday, the Food and Drug Administration authorized the first COVID-19 vaccines for children under age 5, the Federal Reserve doubled down on its pledge to curb soaring inflation, former Trump adviser Peter Navarro pleaded not guilty…
Economy Jun 15 Watch 5:36 Federal Reserve implements highest interest rate hike in decades to combat inflation The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome… By Paul Solman, Courtney Norris, Tommy Walters
Jun 14 Watch 5:23 News Wrap: FDA advisory panel recommends Moderna’s vaccine for children ages 6 to 17 By PBS NewsHour In our news wrap Tuesday, an FDA advisory panel voted to recommend that the CDC approve Moderna's vaccine for kids 6 to 17 years old, the Labor Department says wholesale prices were up 10.8 percent from a year ago, the… Continue watching
Jun 13 Watch 6:02 Markets plunge amid fears of sharply higher interest rates Wall Street has gone into meltdown mode over inflation fears and the possibility that higher interest rates are imminent. The Dow Jones Industrial Average, NASDAQ and the S&P 500 all fell significantly. It is now officially a bear market, down… Continue watching
Jun 11 Nationwide average for gasoline tops $5 per gallon, AAA says By Associated Press Auto club AAA said the average price on Saturday was $5.00. Motorists in some parts of the country, especially California, are paying far above that. Continue reading
Jun 10 Watch 5:01 Inflation rises faster than expected, pinching pocketbooks and spooking the markets New inflation numbers out Friday show the nation's economic pain has not peaked, and is still getting worse. The U.S. Labor Department reports consumer prices rose 8.6 percent in May from a year ago, marking the biggest increase in more… Continue watching
Jun 04 Watch 6:24 Americans struggle with the high cost of living amid record inflation By Winston Wilde It's clear that the realities many Americans face are vastly different from some of the economic indicators on paper. The burden of record-high inflation has continued to push the limits for people across the country. We hear from people who… Continue watching